Monday, June 01, 2015

Outlook for 1st June 2015

Daily trend of the market is Up
After remaining sideways for few days market has restarted going up. And as overall trend of the market is up, so the readers who had created longs on 21st May , may go on holding them till the trend remains up.

Percentage above support Percentage of stocks above support is still above 50%, so the readers who had created long positions in cash market on 19th May may hold them till the percentage above support remains more than 50%.

Strong Futures
This is list of 10 Strong Futures: Dish TV, Ajanta Pharma, Page Industries, SRF, Strides Arcolab, Bharat Electronics, Hindustan Petro, Jubilant Food, Karnataka Bank & Britannia Ind.
Weak Futures
This is list of 10 Weak Futures: Jindal Steel & Power, Tech Mahindra, JP Pwer, JP Associates, DLF, Adani Power, Shriram Trans, Tata Steel, GMR Infra & Cairn.


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